Topic: Five Star Movement

Italy has formed a new coalition government led by the Five Star Movement and right-wing parties, creating the first "Trump-like" populist administration in a major European economy. Financial markets remain wary of the new government's plans for a flat tax and pension reform, which could lead to a downgrade of Italian debt to "junk" status.

The Five Star Movement, founded by comedian Beppe Grillo, has become Italy's fastest-growing political party following the resignation of Prime Minister Matteo Renzi. The movement's populist platform focuses on rejecting the political establishment and addressing the economic fallout of the Euro crisis. Critics accuse the party of spreading fake news and having a pro-Russian agenda that could lead to Italy leaving the Eurozone.

Italy faces a leadership crisis following a general election that left the Senate in a stalemate between Pier Luigi Bersani, Silvio Berlusconi, and Beppe Grillo's Five Star Movement. Grillo, a comedian turned politician, refuses to enter a coalition with the established parties. The hosts express skepticism about Grillo's background and his potential role as a controlled asset.

Comedian Beppe Grillo's rise in Italian politics is discussed as he campaigns on a platform of renegotiating Italy's national debt. The hosts predict that Grillo's populist movement may face severe opposition from the European establishment.